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Vesto and FinClusive Announce a Strategic Partnership To Ensure Safer, Automated & Globally Compliant Financial Transactions

Vesto and FinClusive Announce a Strategic Partnership To Ensure Safer, Automated & Globally Compliant Financial Transactions

Joint technology significantly increases the banking compliance and regulatory support of Vesto’s crypto banking-as-a-service platform by using FinClusive’s Compliance-as-a-Service

 FinClusive, a market leading Compliance-as-a-Service (CaaS) company for financial services, and Vesto, a leader in crypto banking-as-a-service platforms, announced their strategic partnership to ensure the banking compliance and regulatory support of Vesto’s crypto banking-as-a-service platform. FinClusive’s CaaS is an automated and full-stack financial crimes compliance (FCC) solution that provides best in class KYC/KYB (know-your-customer/know-your-business) capabilities which will enable Vesto to onboard users of its Multi-Signature vWallet, while maintaining the integrity of the entities it transacts with.

FinClusive and Vesto share a common mission to bring banking services to the underserved, while also ensuring enterprise-ready transparency, integrity, and regulatory compliance of crypto banking services. The Vesto Multi-Signature vWallet protects and holds crypto currencies, including stablecoins, and can now provide on / off-ramp liquidity capabilities for fiat currencies globally, with ease and efficiency that can only be attained through FinClusive’s global reach.

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Through this partnership, FinClusive will be able to provide sound governance to high return DeFi projects as the financial industry transforms how money is generated, programmed and managed with adaptable, automated, and accessible services. Vesto is one of a handful of companies taking a strict philosophy of performing all transactions “on-chain” and has established a unique leading position with its DeFi, Multi-Signature vWallet, Polygon L-2, Element Finance, USDC, Dai, and BTC—vCore-Infrastructure—that enables the most profitable / revenue generating methods across the financial industry.

FinClusive’s platform combines numerous third-party services and in-house due-diligence capabilities into one service that financial customers can use to automatically screen thousands of sources to ensure international KYC/KYB coverage and enhanced due diligence capabilities to minimize risk and ensure compliance. To bolster that, FinClusive takes a “boots-on-the-ground” approach across 160 countries, in jurisdictions where necessary, to capture sensitive off-line data. Further, FinClusive provides a unique compliance-backed digital identity solution, which enables partners to grant unique digital identities, including the issuance and validation of legal entity identifiers and credentials recognized by financial services providers worldwide.  Importantly, FinClusive’s combined accounts and payments (A&P) and CaaS stack enables growing decentralized financial services applications and capabilities with a comprehensive plug-and-play solution that has global coverage.

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Both Vesto and FinClusive offer white-label services for their customers, which allows them to adopt and deploy secure, scalable, and enterprise-ready services built for customers to integrate with financial institutions’ own digital banking solutions through Vesto’s robust and performant core-API (Application Protocol Interface). The joint offering provides retail-friendly and highly customizable Web and Mobile Apps, which empower customers to serve clients who were difficult, if not impossible to serve previously.

“We are excited about our partnership with Vesto. The future of financial services is a global and increasingly decentralizing one. Creating a robust and seamless regulatory compliance capability that enables financial servicers of all types will help drive financial inclusion at scale, with the appropriate technology enablements that will also give global regulators the comfort that these services are secure, safe and transparent. With Vesto, compliant-centric financial inclusion can be a reality for providers everywhere,” said Amit Sharma, Chief Executive Officer (CEO) & Co-Founder

“We have always envisioned a global compliance-as-a-service partner to allow Vesto to fully focus on its blockchain research & development, FinClusive is a dream come true!”
Christopher McGregor, Chief Executive Officer (CEO) & Co-Founder.

Read More: Kraken Donates $250,000 to Advance Ethereum’s Blockchain Upgrade Efforts

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